IBM Q2 2024 Adj EPS $2.43 Beats $2.19 Estimate, Sales $15.800B Beat $15.616B Estimate
Portfolio Pulse from Benzinga Newsdesk
IBM reported Q2 2024 adjusted EPS of $2.43, beating the estimate of $2.19. Sales were $15.800 billion, surpassing the $15.616 billion estimate. This represents a 2.10% increase from the same period last year.
July 24, 2024 | 8:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
IBM reported strong Q2 2024 earnings with an adjusted EPS of $2.43, beating the estimate of $2.19 by 10.96%. Sales also surpassed expectations at $15.800 billion, a 2.10% increase from last year.
IBM's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. The significant beat on EPS and the year-over-year sales growth indicate strong performance.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100